Independent grid stations and feeders would be established for the industrial zones and estates in MEPCO region and the transmission system would be upgraded to improve power supply to consumers. This was stated by Chief Executive Officer, Multan Electric

Federal Minister for Planning and Development Ahsan Iqbal said Friday that government is working day and night to end load shedding from the country. He said that it will take some time to overcome the energy crisis. He was addressing the inauguration cer

Ninth Cabinet Committee's meeting on GSP Plus was held under the chairmanship of Minister for Industries, Chaudhry Muhammad Shafique at Civil Secretariat. Minister for Labour & Human Resource, Raja Ashfaq Sarwar, provincial secretaries and officials of Pu

Nippon Paint Pakistan, after dominating decorative segment of the paint industry in Pakistan, achieved another milestone in this market proving its excellence in Passenger Cars of the OEM (Original Equipment Manufacturing) segment as well. Nippon Paint Pa

The certificate distribution ceremony for the newly qualified Chartered Accountants was hosted by the Institute of Chartered Accountants of Pakistan (ICAP) and organized by the Southern Regional Committee (SRC), ICAP, recently at a local hotel in Karachi.

Lars-Gunnar Wigemark, Ambassador of EU delegation to Pakistan has urged to increase trade between Pakistan and India to reduce tension between the two countries. Speaking at a seminar organised by the Competition Commission of Pakistan (CCP) on the occasi

Punjab Assembly was told on Friday that the provincial government was paying Rs 1,000 to each registered blind person in Punjab. The 11th session of the provincial legislature was held here with Speaker Rana Muhammad Iqbal in the chair. Two newly-elected

Business community of Khyber Pakhtunkhwa demanded the government to announce a fresh fiscal relief package, what they said that situation is still precarious in term security and law and order in the province.

Dr Joseph Wilson, Chairman Competition Commission of Pakistan (CCP) Friday disclosed that the CCP has taken notice of the suspected cartelisation in staple food crops pricing and is sharing data with the relevant ministries. On the occasion of a seminar o

All necessary arrangements have been finalised for launching a three day anti-polio drive in Sialkot district. The campaign will be started on December 8th in Sialkot district said District Co-ordination Officer (DCO) Nadeem Sarwar.

Punjab Agriculture Department (PAD) has advised the growers of 'grams' crop to pay special attention on eradication of weeds from their fields as fast pace growth of weeds is witnessed because of high moisture. It may lead to reduction in the yield, said

Pakistan Railways (PR) has approved a two-minute stop for Millat Express (17 Up/18 Down) at Mehrabpur and Sadiqabad Stations till February 28, 2015 on temporary basis for facilitating the passengers. PR Spokesman announced this here on Friday, and also di

The Islamabad High Court on Friday granted pre-arrest bail to Ejaz Chaudhry, a Member of National Assembly, who has recently quit ruling Pakistan Muslim League-Nawaz (PML-N) to join Pakistan Tehreek-e-Insaf (PTI). A single-member bench headed by Justice N

According to IESCO spokesman, due to electricity maintenance/development work, power supply of the following feeders to remain suspended: On December 09, from 08:00am to 12:00noon, Line Park, Dhoda, Bhall, Bhangali, Main Bazaar, Bilalabad, D S Bilawal, Ta

President Mamnoon Hussain on Friday hailed the role of European Union for strengthening democracy and democratic institutions in Pakistan. The President was talking to Member of the European Parliament and Vice President of Parliamentary Development Commi

The government is formulating a new policy to regularise contractual employees in different public, autonomous and semi-autonomous organisations and performance of each employee would also be reviewed. Minister of State for Parliamentary Affairs Sheikh Af

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on December 02, 2014.

The International Monetary Fund (IMF) will release $1.1 billion tranche to Pakistan on December 17. "Talks with IMF have remained successful. Pakistan Muslim League-Nawaz (PML-N) has fulfilled all commitments made with the IMF. Now, the IMF would release

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on December 02, 2014.

Pakistan rights groups on Friday criticised the government for restricting internet access after a global survey showed the country among the 10 lowest-ranking nations in terms of internet freedom. A report by US advocacy group Freedom House - released on

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on December 02, 2014.

Overall cement dispatches in November-2014 shot up by 11 per cent YoY to 3.0 million tons in the wake of rising domestic demand. According to All Pakistan Cement Manufacturers Association (APCMA), growth in local dispatches was due to higher demand from t

The weather report on Friday (December 05, 2014) and the forecast for Saturday (December 06, 2014).

The Pakistan Ex-servicemen Association (PESA) has welcomed appointment of Justice Sardar Raza Khan as new the Chief Election Commissioner (CEC). He is a man of integrity who gave judgements based on law and his convictions. In a statement issued by Genera

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (December 05, 2014).

The Election Commission of Pakistan (ECP) informed the Supreme Court on Friday that its provincial commissioners in Punjab and Sindh will complete necessary training at district level for delimitation of constituencies by second week of January 2015.

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (December 05, 2014).

Apropos 'Power subsidy skewed towards better off sections of society: WB' carried by Business Recorder yesterday, the World Bank's Chief Economist has pointed out the electricity subsidy provided by the government in Pakistan is skewed towards rela

The following were Thursday official prices.

Strapped to the underbelly of a train, 23-year-old Ali Arzin from Afghanistan had hoped to cross the border of crisis-hit Greece into Macedonia and eventually reach another EU country. But the wooden platform he had rigged in November beneath the train ca

The following were Thursday official prices.

In street tents, on stages and online, Hong Kong's young demonstrators express themselves in an emerging dialect that is evolving so rapidly Helen Fan decided to deploy a new weapon in the democracy fight: a dictionary. The soft-spoken artist is one of a

Official KCA spot rates for local dealings in Pakistan rupees on Friday (December 05, 2014).

Has Pakistan achieved independence and do we still consider ourselves as independent? I am afraid that what we call freedom is still a long way off. It is like I say that we may have graduated from the universities but we have yet to graduate in life. A d

Wholesale poultry rates on Friday (December 05, 2014) and for Saturday (December 06, 2014).

The Punjab police acted true to its reputation on the International Day of Persons with Disabilities, when some 200 visually impaired persons staged a protest demonstration to demand implementation of two percent job quota for special persons in all gover

Grain and other commodity rates in rupees on Akbari Mandi on Friday (December 05, 2014)

Transparency International (TI) has stated that Pakistan's ranking in Corruption Perception Index (CPI) has improved, indicating a reduction in public sector corruption. Pakistan's score of 29 out of a 100 and ranking of 126 out of a total of 175 countrie

Paper market rates in rupees on Friday (December 05, 2014).

President Barack Obama on Friday named Ashton Carter, a technocrat and academic with deep experience working in the Pentagon, to replace Chuck Hagel as US defence secretary. Obama praised the 60-year-old former deputy defense secretary, saying that he wou

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (December 05, 2014).

Prime Minister David Cameron asked his Pakistani counterpart Nawaz Sharif on Friday to ensure a British man jailed for blasphemy is treated fairly and that his history of mental health is taken into account. Cameron raised the case of 70-year-old Asghar d

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 05, 2014).

Prime Minister David Cameron asked his Pakistani counterpart Nawaz Sharif on Friday to ensure a British man jailed for blasphemy is treated fairly and that his history of mental health is taken into account. Cameron raised the case of 70-year-old Asghar d

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 05, 2014).

PML-N Member Balochistan Assembly, Akbar Askani, was disqualified by Balochistan High Court, here on Friday. Askani was elected from PB-50 Kech on a PML-N ticket. A single-member bench of Justice Muhammad Hashim Kakar declared Askani disqualified after re

Interbank closing rates for dollar on Friday (December 05, 2014).

PML-N Member Balochistan Assembly, Akbar Askani, was disqualified by Balochistan High Court, here on Friday. Askani was elected from PB-50 Kech on a PML-N ticket. A single-member bench of Justice Muhammad Hashim Kakar declared Askani disqualified after re

Dollar buying and selling rate in the kerb market in rupees on Friday (December 05, 2014).

The weekly Sensitive Price Indicator (SPI) inflation decreased by 0.38 percent during the week ending December 4. The provisional data, released by Pakistan Bureau of Statistics shows that the SPI for the week under review was recorded at 212.10 point aga

The rupee managed to extend overnight gains against the dollar on the currency market on Friday, dealers said. The rupee strengthened versus the dollar, picking up more 22-paisa for buying and selling at Rs 101.35 and Rs 101.38 respectively, they said.

The weekly Sensitive Price Indicator (SPI) inflation decreased by 0.38 percent during the week ending December 4. The provisional data, released by Pakistan Bureau of Statistics shows that the SPI for the week under review was recorded at 212.10 point aga

The rupee managed to extend overnight gains against the dollar on the currency market on Friday, dealers said. The rupee strengthened versus the dollar, picking up more 22-paisa for buying and selling at Rs 101.35 and Rs 101.38 respectively, they said.

The weekly Sensitive Price Indicator (SPI) inflation decreased by 0.38 percent during the week ending December 4. The provisional data, released by Pakistan Bureau of Statistics shows that the SPI for the week under review was recorded at 212.10 point aga

The following were the revised rates of debt securities on Friday (December 05, 2014).

Ex-IMF head Rodrigo Rato denied Friday that bailed-out Spanish lender Bankia misrepresented its accounts ahead of its doomed 2011 stock listing while he was chairman of the bank. The allegations came in a Bank of Spain report submitted to a court investig

The following were the revised rates of debt securities on Friday (December 05, 2014).

Ex-IMF head Rodrigo Rato denied Friday that bailed-out Spanish lender Bankia misrepresented its accounts ahead of its doomed 2011 stock listing while he was chairman of the bank. The allegations came in a Bank of Spain report submitted to a court investig

The following were the revised rates of debt securities on Friday (December 05, 2014).

Ex-IMF head Rodrigo Rato denied Friday that bailed-out Spanish lender Bankia misrepresented its accounts ahead of its doomed 2011 stock listing while he was chairman of the bank. The allegations came in a Bank of Spain report submitted to a court investig

The following were the cross transactions between client to client & financial institutions here on Friday (December 05, 2014).

China's powerful former security chief Zhou Yongkang has been arrested and put under a judicial probe after being expelled from the Communist Party, the state-run Xinhua news agency reported early Saturday. Zhou - who retired from China's all-powerful Pol

The following transactions member to member subsequently reported on Friday (December 05, 2014).

China's powerful former security chief Zhou Yongkang has been arrested and put under a judicial probe after being expelled from the Communist Party, the state-run Xinhua news agency reported early Saturday. Zhou - who retired from China's all-powerful Pol

Mutual Funds Association has issued open-end funds daily prices for Friday (December 05, 2014)

Equities suffered losses and closed in minus column at the Lahore Stock Exchange (LSE) amid descending transaction volume on Friday. The LSE-25 index declined by 06.72 points and was closed at 5811.19 points against 5817.91 points of Thursday, while trans

Mutual Funds Association has issued open-end funds daily prices for Friday (December 05, 2014)

Equities suffered losses and closed in minus column at the Lahore Stock Exchange (LSE) amid descending transaction volume on Friday. The LSE-25 index declined by 06.72 points and was closed at 5811.19 points against 5817.91 points of Thursday, while trans

Mutual Funds Association has issued open-end funds daily prices for Friday (December 05, 2014)

Granting one-day exemption to former President General Pervez Musharraf (Retd) from court appearance in judges' detention case, the Anti-Terrorism Court (ATC) Islamabad on Friday summoned Musharraf again on December 19. ATC judge Kausar Abbas Zaidi resume

BRIndex30 and BR Sectoral Indices on Friday (December 05, 2014).

The Federal Investigation Agency (FIA) is yet to complete investigations into some high profile corruption scams involving influential politicians and bureaucrats pending for the last several years, it is learnt. An official source told Business Record